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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: SirRealist who wrote (33440)11/25/2001 1:33:45 AM
From: keithcray  Read Replies (3) | Respond to of 208838
 
Kevin, it was unimaginable to most of us on Sept 21st that the Nasdaq would rally almost 600 points over a 5 week period in the midst of a colossal national crisis and an exceptionally dismal earnings season.

In that context, I wouldn't venture a guess as to where we're going to be in two weeks from now, and even though a revisit of the earlier lows doesn't seem plausible at this point, I'm keeping an open mind. This market might have another surprise in store for us.

I've made only 8 trades in the past 5 weeks, just playing the extremes. Mainly shorting, with as much constraint as possible. Trying to keep a detached view and mostly looking at EOD charts.



To: SirRealist who wrote (33440)11/25/2001 3:14:15 AM
From: X Y Zebra  Read Replies (1) | Respond to of 208838
 
The fresh talk today on the foreign front suggests our anti-terror effort will shift to Sudan, Somalia and Yemen soon. That level of government spending, coupled with low oil prices and low interest rates, provides plenty of impetus to maintain an overall bullish outlook, while recognizing the inevitably of sharp dips here and there, particularly within the next 3 weeks, and possibly into mid-January.

news.bbc.co.uk

A continued campaign against terrorism could result in a continuous economic engine for enough sectors to avoid a larger scale unemployment.

Since private industry, (certainly Tech), may not have the strength for a while...

washingtonpost.com